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Thursday, January 24, 2013

Buying access
The Globe and Mail reports that a Calgary-based energy company has agreed to pay the biggest foreign corruption fine in Canadian history over bribes paid to obtain oil and gas contracts in Chad:“The plea by Griffiths Energy International Inc., a small privately held oil and gas company based in Calgary, stands to settle charges it faces under Canada’s Corruption of Foreign Public Officials Act after a company investigation unearthed payments made in an attempt to secure lucrative energy properties in Africa…It is illegal for Canadian companies to bribe foreign officials – transactions that were once viewed as routine business deals, particularly for resource outfits. The Griffiths case will mark the second conviction for the RCMP since it established teams dedicated to investigating foreign corruption.”

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